Posts Tagged ‘Keith Cooper’

Doubtful if changing of the guard will bring change of direction

October 30, 2013

When Eoin Garden retires as Silver Fern Farms’ chairman at the AGM in December, both cooperatives will have had a change at the top within three months of each other. So the big question is whether this will make any difference to the way they operate: will there be a significant change of culture and leadership from the top or will it be much the same as before? (more…)

Silver Fern Farms addresses capacity issues, but no progress on meat industry restructure

October 9, 2013

The only meat industry capacity rationalisation evident so far is beef not sheepmeat related. Silver Fern Farms has announced the closure of the beef chain at its Waitoa plant which it bought 18 months ago from Wallace Corporation in, what CEO Keith Cooper said at the time, was an essential contribution to the meat industry’s sustainability. (more…)

Debt puts pressure on large meat companies to achieve solution

August 1, 2013

If there was ever a compelling reason for the meat companies to sort out the problems of procurement competition and excess capacity, the debt levels on the balance sheets of the big three at the end of last season provide one. (more…)

PGP project suggests meat industry ready to cooperate

January 30, 2013

Yesterday’s announcement of the Red Meat PGP Collaboration Programme for Greater Farmer Profitability at a total investment of $65 million is fantastic news for the whole industry. The key words are ‘collaboration’ and ‘farmer profitability’. The first of these has usually been notable by its absence, while the second combination of words has only been evident at irregular intervals. (more…)

2013 may be the year for a sheepmeat strategy

January 24, 2013

The key question for the meat industry this year is whether anybody will make any money. After last season when farmers enjoyed unprecedented procurement prices and the meat companies lost millions of dollars as a result, prices have headed south and look set to remain there for the foreseeable future. (more…)

Debt is good under some circumstances

December 13, 2012

After my column last week about meat industry debt levels, Keith Cooper, CEO of Silver Fern Farms, took me to task for incorrectly reporting the situation with Silver Fern Farms’ debt facility. (more…)

Meat industry lacks leadership according to Cooke

November 21, 2012

The National Meat Workers Union’s General Secretary Grahame Cooke stated last Monday the large loss published by Alliance Group would be the first of several for the 2012 year. His point is fairly accurate, confirmed by Silver Fern Farms’ loss announced on Tuesday. (more…)

Silver Fern Farms bullish in spite of $31 million loss

November 13, 2012

Hard on the heels of Alliance’s announcement, Silver Fern Farms has also come out with a big loss, reinforcing the belief that all meat companies have had a bad year. SFF’s result was a loss of $31.1 million compared with a profit of $30.8 million before extraordinary items the previous year. (more…)

Optimistic signs for coming season’s red meat trade

November 5, 2012

After some harrowing experiences last season for the meat industry, both processors and farmers, 12 months on things are looking up. This sense of optimism hasn’t yet been reflected in prices from the meat companies, but statements from those in the know strike a perceptibly more positive note. (more…)

Boot camp to inspire development of New Zealand Inc

August 15, 2012

This week a high powered Boot Camp, attended by a group of key New Zealand agribusiness executives, will take place at Stanford University, California, with facilitation by Professor of Marketing Baba Shiv whose research expertise is in neuroeconomics. (more…)